April Fool's Day seems the appropriate time to highlight what's become a near daily mantra: beware of tax-related scams and schemes. Unfortunately, these warnings continue because the sophistication of the scammers is exploding.
The United States Bankruptcy Court for the Northern District of Iowa recently ruled in favor of the debtors in an adversary action brought by their bank.
USDA has just announced that owners and producers will have one more week to reallocate base acres or elect between Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC). The new deadline for both activities is now April 7, 2015.
The drop in crop prices in recent months has introduced financial strain for some producers. Bankruptcy practitioners that we know are reporting an increase in clients dealing with debt workouts and other bankruptcy-related concerns. W
The 2014 Farm Bill was enacted into law in early 2014. It contains the farm program rules that will govern participating farmers for the next five years. Under the new rules, the total amount of payments that an individual or entity ca
The ACA "relief" saga continues. On Friday, March 20, after discovering more erroneous Form 1095-As, the Treasury Department issued "expanded" relief .
There have been numerous cases in recent years involving farmers who have been found to have violated a patent on seeds and had to pay a tidy sum as a result. One question came into us recently about whether a payment a farmer had to make to
We’ve received a lot of questions recently involving how to treat unharvested crops at death for tax purposes. It’s a great question. We’ll develop a technical piece for TaxPlace on the topic, but here we go over the basic issues that arise and the general rules.
Readers interested in the new Des Moines Board of Water Works federal lawsuit may have followed another federal lawsuit last year, the "California egg case" as it was often called.
The Des Moines Board of Water Works Trustees has filed its complaint against the Supervisors of Calhoun, Sac, and Buena Vista Counties in their capacities as trustees of Iowa drainage districts.
The Iowa Utilities Board ruled this week that Dakota Access, LLC, substantially complied with Iowa law when it notified landowners of its plans to seek a permit to build an oil pipeline across their property.
We had an interesting question come into the office recently. The question involved the tax treatment of a biofiltration system for a farmer. I wasn’t familiar with the concept so I did a little research to find out exactly what a biof
As threatened in January, the Des Moines Board of Water Works Trustees voted today to proceed with a federal Clean Water Act (CWA) citizen lawsuit against the supervisors of three Iowa Counties.
The legal wrangling over the validity of local ordinances seeking to stop the growing of Genetically Engineered Organisms (GMO) continues in Hawaii.
State laws differ in the protections they grant to landowners facing eminent domain.
Last fall, we fielded a number of calls at the Center from Iowa landlords whose tenants failed to make their rental payments on time.
A recent decision by the Illinois Court of Appeals involved a small farm that a town tried to zone out of existence. The case involved the town's ability to zone agricultural activities and the state's right-to-farm law. The plaintiff,
In a last-minute announcement, the IRS has declared that farmers waiting for a corrected 1095-A will have until April 15 to file their returns and pay their taxes.
As we near the end of February, several key Farm Program deadlines are looming.
Iowa Governor Branstad signed S.F. 257 into law today, raising the Iowa excise tax on fuel for motor vehicles (including gasoline and diesel fuel) by 10 cents per gallon.
